Proposal: Fee Distribution Parameter Vote Relaunch - Fee Split

Proposals
74

Hi all,

I talked to our dev team and learned more about the implementation details, and I feel some of the discussions here are out of scope.

The temp check that’s passed is about the “Parameters” of fee split between “DAO/vePERP”.

Screenshot 2022-12-06 at 1.19.21 PM
Screenshot 2022-12-06 at 1.19.21 PM1978×1202 293 KB

So some of the proposed new options are not valid here.

For example,
@RDL’s idea:

75% vePERP / 16.25% DAO / 8.75% Buyback

The “8.75% Buyback” is NOT the parameter we are voting on and it’s out of scope.

@Matthew0212’s idea:

50% DAO/ 50% vePERP holders, then allocate 72.5% of DAO income to vePERP

The 50%/50% is what we are voting on, but then we need to allocate 72.5% of DAO to vePERP.
This proposal does not include how we use DAO treasury. It needs another proposal.

@LeeKB’s idea:

100% vePERP for 3 months, then 91.25% vePERP / 0% DAO / 8.75% Buyback

The 100% is the parameter we are voting on, but the timeframe is not, because ppl might have different opinions about how long they want this to last.

@0xstarscourge’s idea:

0% DAO / 100% vePERP holders in the beginning, then change to the 2nd highest option 6 months later

Same as above.

We are discussing only two parameters here: “DAO” and “vePERP”.

Since the tokenomics v2 proposal passed, we have been working on the development and the “DAO/vePERP” parameters have been coded and audited (example github pr). So all options with new parameters will need code rewriting and auditing. And it’s not in the scope of this proposal.

In other words, we are discussing two and ONLY TWO parameters here: % to DAO / % to vePERP.

As the original proposer, I would need to keep all options feasible and align with the original ask. I would propose the following final options.

Vote #1

  1. 50% DAO / 50% vePERP holders (original option)
  2. 75% DAO / 25% vePERP holders (original option)
  3. 25% DAO / 75% vePERP holders (original option)
  4. 0% DAO / 100% vePERP holders (Mckenna’s idea)

(only these options apply to the scope of this proposal)

Vote #2

If the result of vote #1 result is 100%, launch the second proposal to decide the period.

  1. 3 months
  2. 6 months

If the result of vote #1 result is 50%/50%, launch the second proposal to decide how we want to send DAO income to vePERP users.

  1. 50%
  2. 62.5%
  3. 72.5%

Thanks again for everyone’s feedback. Today is the last day of the discussion period, let’s wrap it up and work together for a solution.